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Daimler to suspend production for a month
Economy

Daimler to suspend production for a month

German carmaker Daimler, hit by falling demand amid the global financial crisis, plans to suspend production for a month beginning in December, as woes continue to pile up for the global auto industry in the growing recession.
Ballack says harmony reigns ahead of Russia match
Football

Ballack says harmony reigns ahead of Russia match

Germany captain Michael Ballack has insisted there is no problem between him and the rest of the German squad ahead of Saturday’s World Cup qualifier against Russia, after reports claimed he was ostracised following his row with team manager Oliver Bierhoff.
ECB joins concerted worldwide rate cuts
Economy

ECB joins concerted worldwide rate cuts

The European Central Bank cut its main lending rate by half a percentage point to 3.75 percent on Wednesday in a concerted effort with the world's leading monetary authorities to stem the growing global financial crisis.